Increase in Fuel Prices and Inflation
June 5, 2026
Gasoline prices have increased by 17.8% and diesel by 31.2% over the past year, contributing to inflation. The energy crisis of 2023 and geopolitical instability are affecting fuel prices and other consumer goods. The Statistical Service reports a 2.6% annual increase in the consumer price index. The government has announced measures to mitigate the impact of price increases, including reductions in VAT on electricity and fuels. However, it is unlikely that prices will return to the levels seen in previous years.